Private limited company · founded 1987 · 38 yrs activeOorlogskruisenlaan 120, 1120 Brussel, BelgiumKBO/BCE: BE 0432.495.383
Summary
The annual accounts of LAGAUT for fiscal year 2024 show a net loss of 107% of total assets and of 209% of the equity at the start of that year. The 2024 annual accounts show equity of €83,390 and a net result of -€319,440. Equity is shrinking by ~23.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 46% of 912 sector peers (fiscal year 2024). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2024
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability0=
Solvency53▼-9
Growth22=
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.5%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.38 against 1.23 in 2023; short-term debt: 68.9% and cash: 8.5% of total assets), and 72.2% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 47 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
○
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
LAGAUT was incorporated on 20 November 1987.1The registered office moved to Erembodegem in 2017 and to Brussel in 2026.23Between 2018 and 2025 the capital was increased 6 times, most recently to EUR 1.5 million.456The board currently has 2 members; Pivanto BV has served longest, since 2024.7Revenue fell from EUR 624,549 in 2018 to EUR 275,006 in 2020 and headcount from 4.4 full-time equivalents in 2018 to 5.4 in 2024.8
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
Net result-€91,574below the sector's middle half▼ 137%-€55,282below the sector's middle half▲ 39.6%-€167,958below the sector's middle half▼ 204%-€246,062below the sector's middle half▼ 46.5%-€319,440below the sector's middle half▼ 29.8%
EBIT margin-33.1%▼ 27.7pp
Equity€422,131within the sector's middle half▼ 17.8%€366,850within the sector's middle half▼ 13.1%€198,892within the sector's middle half▼ 45.8%€152,830within the sector's middle half▼ 23.2%€83,390within the sector's middle half▼ 45.4%
Total assets€447,866within the sector's middle half▼ 24.7%€534,709within the sector's middle half▲ 19.4%€274,129below the sector's middle half▼ 48.7%€408,298within the sector's middle half▲ 48.9%€299,815below the sector's middle half▼ 26.6%
Working capital€318,991within the sector's middle half▼ 19.2%€254,678within the sector's middle half▼ 20.2%€100,180within the sector's middle half▼ 60.7%€59,251within the sector's middle half▼ 40.9%-€128,038below the sector's middle half
Solvency94.3%above the sector's middle half▲ 7.9pp68.6%above the sector's middle half▼ 25.6pp72.6%above the sector's middle half▲ 3.9pp37.4%within the sector's middle half▼ 35.1pp27.8%within the sector's middle half▼ 9.6pp
Current ratio15.35above the sector's middle half▲ 9.372.54within the sector's middle half▼ 12.802.43within the sector's middle half▼ 0.111.23within the sector's middle half▼ 1.200.38below the sector's middle half▼ 0.85
Return on assets (ROA)-20.4%below the sector's middle half▼ 13.9pp-10.3%below the sector's middle half▲ 10.1pp-61.3%below the sector's middle half▼ 50.9pp-60.3%below the sector's middle half▲ 1.0pp-106.5%below the sector's middle half▼ 46.3pp
Staff (FTE)4.4within the sector's middle half=4.6within the sector's middle half▲ 4.5%5.5within the sector's middle half▲ 19.6%5.8within the sector's middle half▲ 5.5%5.4within the sector's middle half▼ 6.9%
abovewithinbelowthe middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €317,303 in 2024 against €245,071 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €299,815
73.8%
26.2%
Fixed assets€221,326 ▲ 137%
Current assets€78,490 ▼ 75.1%
Equity and liabilities €299,815
27.8%
68.9%
Equity€83,390 ▼ 45.4%
Provisions€9,898
Debt€206,528 ▼ 19.2%
Debt's share of the balance-sheet total rises from 62.6% to 68.9%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€298,189▼
2023 · -€234,589
Cash flow
-€300,326▼
2023 · -€235,580
Debt to equity
2.48▲
2023 · 1.67
ROE
-383.1%▼
2023 · -161.0%
Interest coverage
-105.10▲
2023 · -146.86
Debt ≤ 1 year
€206,528▼
2023 · €255,468
Staff costs
€274,978▲
2023 · €255,825
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 1,221 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 88% are still going.
Micro
20 years or older
solvency 10 to 30%
a loss of 10% of the balance sheet or more
3.5%went bankrupt
7.4%stopped otherwise
88%still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
The companies in ten equal groups, from lowest to highest expected share.
Group
Expected
Actual
1
0.2%
0.2%
2
0.3%
0.4%
3
0.5%
0.5%
4
0.6%
0.7%
5
0.8%
0.9%
6
1.2%
1.3%
7
1.5%
1.7%
8
1.7%
1.7%
9
2.7%
2.8%
10
5.3%
5.7%
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,221 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
Filed annual accountsAs filed with the NBB · 2024 against 2023 · 44 lines
Balance sheetCode20232024
Assets
Total assets20/58€408,298€299,815▼
Fixed assets21/28€93,579€221,326▲
Tangible fixed assets22/27€18,490€146,236▲
Plant, machinery and equipment23-€90,618
Other tangible fixed assets26€18,490€55,618▲
Financial fixed assets28€75,090€75,090=
Current assets29/58€314,719€78,490▼
Amounts receivable within one year40/41€236,625€52,674▼
Trade receivables40€8,876€100▼
Other amounts receivable41€227,749€52,574▼
Cash at bank and in hand54/58€78,094€25,583▼
Deferred charges and accrued income490/1-€232
Equity and liabilities
Total equity and liabilities10/49€408,298€299,815▼
Demerger, Afsplitsing van het Af te Splitsen Gedeelte (materieel vaste activa in de vorm van automatische kansspelen en de Samenwerkingsovereenkomst) van NOBILCO NV naar…
Net-asset statement, 31/12/2017
Share issue, Nieuwe aandelen op naam uitgegeven aan WIMI NV op basis van een ruilverhouding van 1,22 voor 1 aandeel van NOBILCO NV (150 aandelen NOBILCO x 1,22 = 183 aandele…
Accounting effect, 01/01/2018
Statutes amendment
Statutes amendment
Capital increase, €525.000
Approval target date, 29/06/2018
Auditor waived, Verzaking met unanimiteit van stemmers aan het opstellen van het verslag van de commissaris/bedrijfsrevisor (artikel 731 W. Venn.) met betrekking tot de partiël…
Real estate, Geen onroerende goederen of onroerere rechten in het Af te Splitsen Gedeelte.
2017
13-10
State Gazette actStatutes amendment
Capital8 facts ▸
General meeting, 27-09-2017
Statutes amendment
Statutes amendment
Statutes amendment
Statutes amendment
Capital, €18.600
Statutes amendment
Statutes amendment
29-08
State Gazette actResignations: Charlotte De Guffroy (manager) and Benoît De Guffroy (manager)
Appointments: Tom De Clercq, Tim De Borle and Odds & Overlay BVBA · Permanent representative: Tom De Clercq · Director discharge21 facts ▸
General meeting, 27-07-2017
Director resignation, Charlotte De Guffroy (manager)
Director resignation, Benoît De Guffroy (manager)
Director discharge, Charlotte De Guffroy
Director discharge, Benoît De Guffroy
Director appointment, Tom De Clercq (manager)
Director appointment, Tim De Borle (manager)
Director appointment, Odds & Overlay BVBA (manager)
Permanent representative, Tom De Clercq
Mandate compensation, Tom De Clercq
Mandate compensation, Tim De Borle
Mandate compensation, Odds & Overlay BVBA
+9 further facts in this act
28-02
NBB filingAnnual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2015
04-12
State Gazette actAppointments: Benoit De Guffroy (manager) and Charlotte De Guffroy (manager)
Resignation: Marc De Guffroy (manager) · Mandate compensation6 facts ▸
General meeting, 19-11-2015
Director appointment, Benoit De Guffroy (manager)
Director appointment, Charlotte De Guffroy (manager)
Director resignation, Marc De Guffroy (manager)
Mandate compensation, Benoit De Guffroy
Mandate compensation, Charlotte De Guffroy
2006
16-06
State Gazette actResignation: Manhaeve Godelieve Denise Victorine (statutory manager)
Appointment: De Guffroy Marc Albert Louis (non-statutory manager) · Statutes amendment · Capital6 facts ▸
General meeting, 02-06-2006
Director resignation, Manhaeve Godelieve Denise Victorine (statutory manager)
Statutes amendment
Capital, €18.600
Director appointment, De Guffroy Marc Albert Louis (non-statutory manager)
Mandate compensation, De Guffroy Marc Albert Louis
2005
23-05
State Gazette actAppointment: MANHAEVE Godelieve Denise Victorine (non-statutory manager)
State Gazette actCapital & shares · Statutes amendment
3 facts ▸
General meeting, 30-08-2004
Statutes amendment
Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
23 of 23 acts read
Directors · office · real estate
Directors and office
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
2 directors, no change since 2026
Board 2
PB
Pivanto BV
Director · since 02-09-2024 · Legal entity · perm. rep.: Philippe Joos
Current
GS
GPFI SRL
Director · since 26-08-2026 · Legal entity · perm. rep.: Massimo Menegalli
Current
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Leopoldlaan 75, 8430 MiddelkerkeGambling and betting activities
since 19892.031.625.804
2 parcels
Flanders1(50%)Brussels1(50%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
21819D0089/00R000
Brussels
3,002 m²
1 · 1,835 m²
11.1 m · 3 fl.
35011B0180/00L088
Flanders
177 m²
1 · 179 m²
27.3 m · 8 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Huren, verhuren en exploiteren van drankgelegenheden en/of amusementslokalen, dit in de breedste zin van het woord. Zij mag alle bewerkingen doen van burgerlijke, commerciële…
Full purpose
Huren, verhuren en exploiteren van drankgelegenheden en/of amusementslokalen, dit in de breedste zin van het woord. Zij mag alle bewerkingen doen van burgerlijke, commerciële, roerende, onroerende, financiële of industriële aard, die rechtstreeks of onrechtstreeks van natuur zijn haar activiteit te vergemakkelijken of uit te breiden. Zij mag zich interesseren bij middel van inbrengst, versmelting, onderschrijving, deelneming, financiële tussenkomst of andere, in alle bestaande of toekomstige vennootschappen of ondernemingen, in België of in het buitenland, waarvan het voorwerp gelijkaardig of samenhangend met het hare zou zijn.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
According to the 2024 annual accounts of LAGAUT and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
25 connected companies
Depth
Shared directorsBundled connections
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 298 companies in sector 93293 we hold annual accounts for 190. 129 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPrivate limited company
Founded20-11-1987
Fiscal year end31-12
Activities, NACEBEL 2025
92000Gambling and betting activities
93293Sports, amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID0208:0432495383
Also9925:BE0432495383
If you follow this company, Checked tells you the day it leaves the Peppol register.